Mortgage Rates Higher, 30 Year Mortgage Rate at 4.83%, 1 Year Adjustable Mortgage Rates at 6.96%Mortgage rates were mixed in the latest Weekly Mortgage Application Survey released yesterday morning by the MBA. The current average contract 30 year mortgage rate increased to 4.83 percent for the week ending May 28, 2010, up from the previous week’s average mortgage rate of 4.80 percent. Average mortgage discount points decreased to 1.05 points, down from the prior week's average of 1.08 points. 15 year mortgage rates declined slightly for the week ending May 28, 2010. The average contract mortgage rate for 15 year mortgages decreased to 4.24 percent, down from an average 15 year mortgage interest rate of 4.25 percent on May 21, 2010. Mortgage discount points increased to 1.11 points, up from the previous week's average of 1.00 points. 1 year adjustable mortgage rates were also up for the week ending May 28, 2010. The average contract 1 year adjustable mortgage rate was 6.96 percent, up from the prior week’s average adjustable mortgage interest rate of 6.84 percent. Average mortgage points decreased to 0.27 points, down from the prior week’s average of .038 points. Lender
APR / Rate
Fees / Points
Payment
$4,625
Includes 0.875 points for $3,500
Lender Fees: $1,125
$3,112 /mo
$4,887
Includes 0.948 points for $3,792
Lender Fees: $1,095
$3,112 /mo
$3,500
Includes 0.875 points for $3,500
Lender Fees: $0
$3,138 /mo
$7,933
Includes 0.662 points for $2,648
Lender Fees: $5,285
$3,112 /mo
$3,960
Includes 0.990 points for $3,960
Lender Fees: $0
$3,162 /mo
$7,925
Includes 0.660 points for $2,640
Lender Fees: $5,285
$2,178 /mo
$4,967
Includes 0.968 points for $3,872
Lender Fees: $1,095
$2,209 /mo
$3,708
Includes 0.927 points for $3,708
Lender Fees: $0
$3,214 /mo
$3,480
Includes 0.695 points for $2,780
Lender Fees: $700
$3,242 /mo
$3,439
Includes 0.735 points for $2,940
Lender Fees: $499
$2,272 /mo
$2,927
Includes 0.607 points for $2,428
Lender Fees: $499
$2,335 /mo
$8,917
Includes 0.908 points for $3,632
Lender Fees: $5,285
$2,303 /mo
$4,229
Includes 0.776 points for $3,104
Lender Fees: $1,125
$2,335 /mo
$4,847
Includes 0.938 points for $3,752
Lender Fees: $1,095
$2,335 /mo
$5,125
Includes 1.000 points for $4,000
Lender Fees: $1,125
$2,335 /mo
$2,376
Includes 0.594 points for $2,376
Lender Fees: $0
$2,396 /mo
$3,420
Includes 0.855 points for $3,420
Lender Fees: $0
$2,431 /mo
$3,520
Includes 0.705 points for $2,820
Lender Fees: $700
$2,431 /mo
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes and insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
Low mortgage rates continue to help the refinance market. Mortgage refinance applications were up for the fourth consecutive week. The Refinance Index which measures mortgage applications for home refinancing was up 2.4 percent from the prior week. Explore Other Mortgage and Refinance Offers
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